https://www.taxtmi.com/article/detailed?id=17139 Multiple personal guarantors to the same corporate debtor are ordinarily subject to separate insolvency applications and individual assessment of assets, liabilities, income, expenses and repayment capacity. Although the Code does not expressly provide for a joint repayment plan, it does not expressly bar one. With consent of all guarantors, common liabilities and substantially common creditors, guarantors may seek NCLT permission to submit a coordinated repayment plan through the resolution professional, while preserving each guarantor's independent liability and protecting creditor rights. en-us Sat, 08 Aug 2026 08:34:11 +0530 Sat, 08 Aug 2026 08:34:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17139 Multiple personal guarantors to the same corporate debtor are ordinarily subject to separate insolvency applications and individual assessment of assets, liabilities, income, expenses and repayment capacity. Although the Code does not expressly provide for a joint repayment plan, it does not expressly bar one. With consent of all guarantors, common liabilities and substantially common creditors, guarantors may seek NCLT permission to submit a coordinated repayment plan through the resolution professional, while preserving each guarantor's independent liability and protecting creditor rights. Articles Corporate Laws / IBC / SEBI Sat, 08 Aug 2026 08:34:11 +0530 https://www.taxtmi.com/article/detailed?id=17139